RE/MAX Holdings (RMAX) Reports In-Line Q2 EPS, provides guidance

RE/MAX Holdings (NYSE: RMAX) reported Q2 EPS of $0.40, in-line with the analyst estimate of $0.40. Revenue for the quarter came in at $82.4 million versus the consensus estimate of $82.53 million.

For the third quarter of 2023, RE/MAX Holdings expects:

Agent count to change 0.0% to 1.0% over third quarter 2022;
Revenue in a range of $78.5 million to $83.5 million (including revenue from the Marketing Funds in a range of $20.0 million to $22.0 million); and
Adjusted EBITDA in a range of $23.5 million to $26.5 million.

For the full year 2023, the Company is tightening its guidance ranges and expects:

Agent count to change 0.0% to 1.0% over full year 2022, changed from -1.0% to 1.0%;
Revenue in a range of $320.0 million to $332.0 million (including revenue from the Marketing Funds in a range of $82.5 million to $86.5 million), changed from $315.0 million to $335.0 million (including revenue from the Marketing Funds in a range of $83.5 million to $87.5 million); and
Adjusted EBITDA in a range of $92.0 million to $98.0 million, changed from $95.0 million to $105.0 million.

For earnings history and earnings-related data on RE/MAX Holdings (RMAX) click here.

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